521 E Bidwell St - Bank FOR SALE


Folsom, CA 95630
$3,825,000 USD
925-974-0237
521 E Bidwell St, Folsom, CA for Sale
$3,825,000 USD
Bank - FOR SALE
1/3
null | 5.25% Cap Rate

521 E Bidwell St
Folsom, CA 95630


HIGHLIGHTS

  • Absolute Triple Net Leased Investment with U.S. Bank National Association (S&P Rated A).
  • Strong Deposit Base (over $182 million as of June 2023 according to FDIC).
  • 5% rental rate increase in May 2025.
  • Highly visible and highly trafficked hard corner location (over 28,200 vehicles per day).
  • Only U.S. Bank branch in Folsom – equipped with a drive-through.
  • Large site of approximately 1.33 acres (buyer to verify).

OVERVIEW

Newmark, as exclusive advisor is pleased to offer the opportunity to acquire the fee simple interest (land and building) in the NNN leased, corporate signed, drive-thru equipped, U.S. Bank investment property at 521 E. Bidwell Street (the “Property”) in Folsom, California. The tenant’s current lease expires April 30, 2029, and there are two remaining 5-year options to extend. The Property is located on E. Bidwell Street, Folsom’s primary retail hub. Folsom is a Sacramento submarket that contains over 4 million square feet of space and is one of the most affluent retail trade areas in the region. The City of Folsom is a vibrant, business-friendly community dedicated to maintaining a high quality of life by fostering stable, reliable, and diversified economic growth. Situated about 25 miles east of downtown Sacramento, 85 miles from Lake Tahoe, and 110 miles from San Francisco, Folsom enjoys a prime central location in California. The city has successfully attracted a robust and expanding base of major employers, including Voxpro, California ISO, Maximus, Intel, Kaiser Permanente, Kikkoman, Mercy Hospital, Micron, Safe Credit Union, Toshiba, and VSP One. Folsom boasts a substantial and well-educated workforce of 38,200, with 54% holding a Bachelor’s degree or higher, and maintains a very low unemployment rate of 3.8%.

FOR SALE DETAILS

PRICE

$3,825,000 USD

PRICE/SF

$621 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

1.33 AC

LAND SF

57,935 SF

ZONING

C-2

APN/PARCEL ID

071-0440-005,071-0440-015

ASK ABOUT THIS PROPERTY

Forrest GherloneNewmarkMore Info
925-974-0237

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Forrest GherloneNewmarkMore Info
925-974-0237

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.